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agentgumshoe | 2 years ago

Err.. except the environment they exist in - 'crypto' - tends to be full of anti-gov/3letteragency types, so you'd think this is a bad PR angle to take.

At a guess, I would say this is more flagging to their real customers that their funds aren't safu...

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smsm42|2 years ago

Don't confuse the reddit/twitter crowd with the businesses dealing with billions of dollars. The latter can not survive - or at least can not operate in any way that is connected to the US financial system or touching it in any form - if they don't play nice with regulators like OFAC. They could be all ancaps in the depths of their souls, but if they don't play nice, they'd end up in jail. It's not dependent in any way on their politics or the strength of their convictions - it's just how it is when you're dealing with the financial markets. You can be as anti-government as you want, but if you do what the regulators consider money laundering, either you stop it immediately when they tell you (or before), or you will get shut down. If they are not getting shut down, then they are likely cooperating, there's not much other options.